Organizations fighting U.S. debt get support of AICPA board


A continuing devotion to fiscal responsibility has led to a resolution by the AICPA board of directors supporting two nonpartisan organizations devoted to combating the U.S. federal debt.

In the resolution, the AICPA expresses support for the Campaign to Fix the Debt and the Comeback America Initiative, which express concern over the federal debt’s impact on the nation’s long-term fiscal health. The resolution is available at tinyurl.com/d2rbsqz.

The AICPA, which believes the U.S. government should operate on a sustainable budget and address its current debt crisis, will encourage state CPA societies to consider getting involved in the efforts and promoting fiscal responsibility, according to the resolution, which the board adopted on Nov. 9.

In addition, the resolution says, the AICPA will continue to seek ways to advocate for reduced complexity for American businesses and individuals.

The resolution reinforces a message the AICPA already has been sending. Greg Anton, the 2011–12 chairman of the AICPA board of directors, described the debt the United States has accumulated and the consequences it could have for the future of the nation in a video, “What’s at Stake,” which is available at tinyurl.com/b4hmave.

MANAGEMENT ACCOUNTING

Developing finance leaders

A good leader recognizes that part of the job is developing the next generation of leaders. Veronica McCann, CGMA, a former division CFO at Commerzbank in Singapore, shares tips on developing future finance leaders.

PROFESSIONAL ISSUES

Belicia Cespedes: A CPA at 17

Through hard work and determination, Belicia Cespedes earned the credential before she was even eligible to vote.

SPONSORED REPORT

How to audit high risk areas

Revenue recognition, internal control over financial reporting, accounting estimates and going concern are areas of audit that have emerged as particularly challenging and complex.